HomeBusinessTata Capital Healthcare Fund raises $126 Mn for its second Lifesciences & Healthcare Private Equ...

Tata Capital Healthcare Fund raises $126 Mn for its second Lifesciences & Healthcare Private Equity Fund

Reader's Pick

Tata Capital Healthcare Fund II (TCHF II), sponsored by Tata Capital Limited, has announced the Final Close of its fund with Investor commitments of INR 955 Crores ($126 million), meeting its target AUM of INR 950 crores (excluding green-shoe). This was a follow-up to the Tata Capital Healthcare Fund I which had raised INR 411 Crore ($70 million) in 2012.

TCHF II has received commitments from domestic and international financial and strategic institutions including some of the global pharma, medical equipment companies, development financial institutions, and large European Institutions indicating their support for the TCHF investment strategy. TCHF II is also privileged to receive a commission from the ‘Self Reliant India (SRI)’ Fund of the Government of India under the Ministry of Micro, Small, and Medium Enterprises.

Speaking on the development, Visalakshi Chandramouli, Managing Partner of TCHF articulating the Fund’s investment strategy said, “TCHF II will seek to achieve returns by principally taking equity positions in healthcare and life sciences-related companies having significant business exposure to India. The investment strategy of TCHF II is predicated on the following two themes: Domestic Healthcare and Life Sciences Consumption: Focused on the Indian consumption story in healthcare and life sciences-related businesses. It is estimated that 60% of TCHF II’s investments will cater to this theme.” “Healthcare and Life Sciences Competency: Focused on leveraging India’s expertise in the healthcare and life sciences sectors to deliver products/services to the world markets. It is estimated that 40% of TCHF II’s investments will cater to this theme. We remain grateful and would like to thank our investors for reposing faith and trust in the Tata Capital Healthcare Fund franchise.”

Further commenting on the fundraise, Vamesh Chovatia, Partner of TCHF said, “TCHF II is seeking to invest across sub-sectors of Pharmaceuticals, Pharma & Allied Services, Healthcare Delivery, Medical Devices & Equipments, and Digital Health. The Fund has already made commitments to three companies in the areas of Domestic Pharma Formulations – Linux Pharma; Diagnostic Services- Atulaya Healthcare and Digital Health – Deeptek Inc. and expects to announce its fourth investment shortly. The Fund has a rich pipeline of deals and is expected to continue its deal momentum in the coming months. The Fund will typically look at committing $5mn – $15mn per transaction and potentially a larger ticket size along with co-investment support from its Limited Partners who have committed to invest in the Fund.”

close

Stay on top of Budget 2023 with our newsletter

- Advertisement -

We don’t spam! Read our privacy policy for more info.

- Advertisement -

Read latest Business News and Startup news on TechGraph. Watch live and latest news on TechGraph TV. Follow us on Facebook or follow us on Twitter and Instagram. Listen audio news from TechGraph Briefings on Spotify, Google Podcast, Amazon Music & on Apple Podcast.
 

Krishna Mali
Krishna Mali
Founder & Editor of TechGraph.

Latest News

Promoted Links

Related Stories

Sino-US trade war offers Europe’s chance to bank more Chinese reserves: Analysis

Should European countries want the euro to replace the dollar as the world's do...

Japan approves 26 trillion yen as economic stimulus package to combat overseas risks

Japan's cabinet approved an economic stimulus package worth 26 trillion yen ($2...

1Win App: Review India Apk for Android and iOS

The company 1Win has been successfully operating in the markets of many countri...

Employees union seeks FIR against Jet Airways boss Naresh Goyal, Vinay Dube and on SBI Chairman

The employee union of Jet Airways, which is facing its worst crisis, Friday sou...

Samsung Electronics asks its shareholders to use electronic voting for upcoming AGM

Technology giant Samsung Electronics has adopted electronic voting for the firs...

Rahul Gandhi hits on RCEP says, ‘Make in India’ has become ‘Buy from China’

Asserting that "Make in India" has become "Buy from China," Congress leader Rah...

NASA astronauts to carry first ever all-female spacewalk on 29 March

Two NASA astronauts are scheduled to carry out the first ever all-female spacew...

Budget 2023 Should Fouse On Increasing Research Grants to Promote Innovation in Ayurveda: Ameve Sharma of Kapiva

As the Union Finance Minister Nirmala Sitharaman, is all set to present the Ind...

News Briefings: Skillsoft opens in NYSE, Health Startups raises $1 mn, Droom crosses Rs 1000 cr GMV & More

Headlines: Power Gummies raises 1 million dollars from 9Unicorns, Droom crosses...

Budget 2023: “Govt Should Encourage Banks to Increase Funding for NBFCs,” says Parry Singh of Red Fort Capital

As the Union Finance Minister Nirmala Sitharaman, is all set to present the Ind...